CVR Energy (NYSE:CVI) Given New $25.00 Price Target at Mizuho

CVR Energy (NYSE:CVI) had its target price reduced by Mizuho from $27.00 to $25.00 in a report published on Monday morning, Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company’s stock.

Other analysts also recently issued research reports about the company. Scotiabank boosted their price objective on CVR Energy from $24.00 to $25.00 and gave the company a sector underperform rating in a research report on Wednesday, July 31st. StockNews.com cut CVR Energy from a buy rating to a hold rating in a research note on Sunday, June 16th. JPMorgan Chase & Co. reduced their target price on CVR Energy from $30.00 to $26.00 and set an underweight rating on the stock in a research note on Tuesday, July 2nd. Tudor Pickering raised CVR Energy to a strong sell rating in a research note on Monday, September 9th. Finally, UBS Group reduced their target price on CVR Energy from $33.75 to $30.00 and set a neutral rating on the stock in a research note on Tuesday, August 13th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Reduce and a consensus price target of $26.50.

CVR Energy Stock Performance

Shares of CVI opened at $22.97 on Monday. The company has a market cap of $2.31 billion, a PE ratio of 3.52 and a beta of 1.49. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a 50-day moving average price of $24.89 and a 200-day moving average price of $28.85. CVR Energy has a 12-month low of $21.05 and a 12-month high of $38.07.

CVR Energy (NYSE:CVI) last released its earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.39. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.80 billion. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. CVR Energy’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. As a group, equities analysts forecast that CVR Energy will post 0.55 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date was Monday, August 12th. CVR Energy’s payout ratio is currently 30.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CVI. SIR Capital Management L.P. bought a new position in shares of CVR Energy during the second quarter valued at $17,907,000. Vanguard Group Inc. lifted its holdings in CVR Energy by 12.1% in the fourth quarter. Vanguard Group Inc. now owns 3,934,944 shares of the oil and gas company’s stock valued at $119,229,000 after acquiring an additional 424,348 shares during the period. Norges Bank bought a new position in CVR Energy in the fourth quarter valued at about $11,567,000. American Century Companies Inc. lifted its holdings in CVR Energy by 60.3% in the second quarter. American Century Companies Inc. now owns 407,819 shares of the oil and gas company’s stock valued at $10,917,000 after acquiring an additional 153,396 shares during the period. Finally, Denali Advisors LLC lifted its holdings in CVR Energy by 323.6% in the second quarter. Denali Advisors LLC now owns 159,162 shares of the oil and gas company’s stock valued at $4,261,000 after acquiring an additional 121,590 shares during the period. 98.88% of the stock is owned by institutional investors.

CVR Energy Company Profile

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.